Almost 2 Years Ago
1 Min Read

Shares of WTI are trading -10% lower today. Here's why:



Shares of W&T Offshore (WTI) are trading -10% lower at a price of $3.9 at the time of this writing.

W&T Offshore has been trading between a 52-week high of $9.01 and a 52-week low of $2.64. The stock has a market cap of $558M.

Headlines


Is the Oil Trade Done?
InvestorPlace 06-28-22

W&T Offshore (WTI) Presents At 8th Annual Roth London Conference - Slideshow (NYSE:WTI)
Seeking Alpha 06-24-22

As you can imagine, the internet had a few things to say about WTI- as in the crude oil that ultimately drives the W&T Offshore stock price. Here's a few choice comments from the Reddit Traderverse:

VisualMod - 5 upvotes - source
>U.S. WTI CRUDE FUTURES TURN NEGATIVE AFTER RISING $3 EARLIER IN THE SESSION ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-07-05 ^05:41:58 ^EDT-0400

GeorgeSaucington - 5 upvotes - source
Here ;) wait till winter time. WTI 📈📈

bone_mizell - 4 upvotes - source
WTI wants to hold strong. The president might have to issue another relief tweet.

_penseroso_ - 4 upvotes - source
Wti Oil just touched under 100 !

buck_tardwater - 2 upvotes - source
member when wti was negative and they paid you to fill up your car? i member

Tbones014 - 2 upvotes - source
WTI ⬆️ And 🐚 is rumored to announce a contract with Qatar to provide lng to the UK. $SHEL calls giving me a bonahhh

MollyMarket - 2 upvotes - source
[https://lazardfreresgestion-tribune.fr/en/us-household-net-debt-at-its-lowest-level-since-1991/](https://lazardfreresgestion-tribune.fr/en/us-household-net-debt-at-its-lowest-level-since-1991/) ​ [https://fred.stlouisfed.org/series/TDSP](https://fred.stlouisfed.org/series/TDSP) ​ We're in a recession, yes. But the economy is probably the strongest and most prepared it's ever been and can deal with it no problem as long as WTI stays below $150. Plenty of money on the side line to weather the storm and strong policies in place to keep the economy tight. Might hurt a little, but hey, at least it won't be as bad as these apocalyptic fantasists want you to believe.

VisualMod - 2 upvotes - source
>WTI FALLS $7 TO $101.26 ^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2022-07-05 ^11:00:09 ^EDT-0400

VisualMod - 2 upvotes - source
>WTI goes sub $100 \>Energy update: Oil - WTI (undated) 97.5 -10.35% Oil - Brent (undated) 101.83 -9.88% ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2022-07-05 ^11:36:44 ^EDT-0400

AssociationDouble267 - 2 upvotes - source
WTI spot price is down $10/bbl since breakfast. WTF?